On Monday, Genting SP broke the resistance at $2.20 and closed at $2.22 with regular volume of 72.48 million shares traded.

A white candle stick with little upper/lower shadow affirms that traders were buying up the stock but took profit at the last moment before market closed.

Both RSI & MACD are bullish as RSI continue to trend upwards.

Important Resistance of Genting SP: $2.28

Immediate Support of Genting SP: $2.20

Currently prices are supported by the 20/50 days MA at $2.15

Genting SP broke out of the ascending triangle that demonstrates the bullishness of the investors as Macau reports good earnings results today.

However the buying volume is at average level and nothing too aggressive from the bulls.

Do watch the gap resistance at $2.28 if vested since traders are likely to take profit near that level.

On Monday, Midas broke the ...